New York – Aiming to capitalize on the record pace of mergers and acquisitions (M&A), Zurich has created a new business unit designed to cater to the companies involved. The unit, part of Zurich's global corporate business division, will offer customized products and services to help companies manage M&A transaction-related risks, the company says.
“Zurich's M&A unit offers a customized approach to meet the unique needs of, and add value to, each M&A transaction," said Mario Vitale, CEO, Zurich global corporate in North America. "The total value of M&A deals in 2006 reached an all-time high of approximately $4 trillion and, compared with last year, is up more than 25 percent to $3.1 trillion year to date.”
Zurich tapped Thomas Gamble as president of the new unit. Gamble serves as the M&A unit's global leader and is based in New York, reporting to Vitale. The unit is fully operational in the U.S. and will have worldwide capabilities with offices in London and Zurich by the fourth quarter of 2007.
Source: Business Wire
